Colombia continues to discuss the possibility of implementing unconventional techniques to increase its oil reserves. According to experts, this could be some of the effects that losing self-sufficiency can have on the national economy.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for May 2019. Working rigs decreased compared to previous month, but the number of contracted rigs increased.
Industry Associations have called for the implementation of fracking to avoid self-sufficiency issues. However, this alternative is still a cause for concern among different sectors of the Colombian society.
The International Energy Agency (IEA) acknowledged the progress that the Colombian government has done to reactivate the industry in the coming years.
The National Hydrocarbons Agency (ANH) is analyzing the potential of Colombia’s regions, in hopes to offer blocks in the Pacific region.
The National Environmental Licensing Agency (ANLA) decided not to continue with the environmental evaluation process for Ecopetrol’s (NYSE:EC) fracking project in Santander.
The government has not made a final decision on fracking, but authorities already have projections of the possible benefits that this technique can bring to the country.
The National Hydrocarbons Agency (ANH) and Ecopetrol (NYSE:EC) are working to launch a new oil round to reactivate production in small fields that still have crude.
Moody’s hosted the Inside Latam 2019 forum, where industry experts spoke about their concerns for the Colombian oil industry in the medium and long term. Here are the details.
The National Hydrocarbons Agency’s (CNH) first “window” of the Permanent Competitive Process (PPAA) took place in Bogotá. HCC attended the event.
2026, Hydrocarbons Colombia, All Rights Reserved.
